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Posted On: 03/13/2020 1:27:54 PM
Post# of 2062
Re: Alascantrade #985
Gold might be under 1500 by next week. I just saw that it’s down another $72 to $1517 . Over 50% of mined gold is used in making jewelry, and I don’t see buying jewelry as a necessity over the next few months as people are laid off and bankruptcies increase. Also gold amounts used in industrial applications are also taking a hit, as factories are still way under capacity in China, and we likely will see factories shutting down here, if covid -19 follows the same spread patterns as elsewhere.
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